OpenAI Valuation Takes a $150 Billion Haircut Before 2027 IPO

TLDR OpenAI is now seeking up to $20 billion, down from an earlier target of about $30 billion. The round values the company at $1.25 trillion post-money, down from $1.4 trillion. Some investors trimmed their commitments after a Friday deadline, so the first close may fall short of $20 billion. The Nasdaq 100 fell 3.46% Friday, with Intel down 25%, Micron down 5.5% and Nvidia down 4%. UAE investors, including MGX, and Coatue are leading the round. OpenAI is looking to raise up to $20 billion in its latest funding round.

Source: CoinCentral